Depending on which format you bet on, betting on cricket can be fast moving for T20 and ODI’s, or more ‘chess like’ with Test matches – and it can be very rewarding if you get it right.
Over the last couple of years I haven’t really bothered with T20’s or ODI’s, but it is my intention to start trading them again over the next few months. I have instead chosen to concentrate on just trading test matches in running on Betfair, where the tactic I use is to usually wait and watch how a game is developing before I get involved.
It also means I can place a bet over a longer period of time if required, ie, I can put a bet on before I go to bed or out to work (depending on the time zone the game is being played in) in the confidence that it won’t be settled before I get up or back. With T20’s and ODI’s you don’t get that luxury due to the shortness of the games.
In short I am not around to react to market changes in the shorter formats of the game, but with test cricket I can put a bet on and leave it in the knowledge that I can reassess my position some hours later without too much damage being done (preferably no damage at all).
It’s not ideal to be placing a bet when I know I am not going to be in a position to react to market changes, but with having to work for a living I have limited options for games to bet on – and only test cricket offers me this chance.
A great deal of patience and discipline is required for this, I find if I bide my time, an opportunity to get involved will present itself – and if it doesn’t, then I just wait and go onto the next test match.
I don’t always necessarily place a bet with a view to it winning (I know that sounds strange, but stick with me and I’ll explain). For example, if I’m following a test match and I know it’s going to rain, I’ll back the draw as I know the price will come in (get shorter) on Betfair. I might actually expect the game NOT to be a draw, but the key to this is taking advantage of an obvious price move.
Before it becomes obvious that play will resume, I will lay the draw and have some free money on a result. This is the beauty of using Betfair, basically you can trade in and out of a test match at will, and if you get things right, your money need never be exposed for any great length of time as you will have traded out.
Another reason why I like using Betfair is because I can have a bet on what I think won’t happen, rather than what I think will happen. For example, I might not know if Team A will win or the match will end in a draw, but I might be certain in my mind that Team B won’t win. With Betfair I have the opportunity to lay (oppose) Team B.
Of course you can still do this with the use of conventional bookmakers, where you can have a bet on Team A and the Draw if you think Team B won’t win, but I prefer to use Betfair to do this as it’s less accounts and less hassle.
With using Betfair for cricket betting you don’t even have to have an out and out bet. As I have described above, if you can see which way a game won’t go, you can lay it and then back it again after the price has drifted and be out of the bet with no risk in minimal time.
Another example of this is if I think a pitch looks flat. I will then back the draw, then the market will soon find out the pitch is playing as predicted and the price of the draw will then quickly come in, allowing me to lay my bet and be in a position of having won money whatever the outcome of the match.
In this situation I could hedge my free cash, if I think it will be a draw I can put/leave all my winnings on the draw and leave myself with no loss if one of the teams actually goes on to win the match, or I can spread my winnings over all three outcomes for a guaranteed return no matter what happens.
This is the great thing about trading the price movements, you can trade yourself into a good position during the match and have a risk free bet on one or any outcome.
Of course it can all go wrong and the pitch could play fine and there could be quick wickets, but this is rare and one of the risks of gambling. If this does happen I can either leave my bet running and hope that the price comes back allowing me to get my money back, or I can take my medicine and trade out leaving a loss on all three outcomes.
It does happen, but if you’ve read the situation properly it should be only on a very rare occasion, if at all.
Generally I don’t tip a pre match bet, but I am happy to give my view on a match and how I see it potentially developing. I also will flag up a pre match bet on something that I think looks good value.
Usually what I do is follow a test match and wait until I see what I believe to be a betting opportunity and then jump into the market, this makes it almost impossible to write a blog post tipping an opportunity as I usually have to react instantly to the market situation.
If you’re going to bet on cricket it will be more than helpful to be armed with some useful resources. For example you might want live pictures so you can get a feel for how a game is developing. With live pictures you may pick up some knowledge of how the pitch is playing from listening to the commentary, or you could see how the weather or light is looking.
As not all games are live on TV in your own country, these pictures might not be available to us. When these situations arise I go on the net and find a site that offers live pictures, at the moment I have been using Cricket-365.TV for my live streams. I’m sure there are more available and I will post them when I find more or a better one.
A decent weather forecast website is also useful. If you’re planning a bet on a test match it’s always handy to know if rain is expected. Equally it’s always good to know ahead of limited overs games in case of the possibility of the Duckworth/Lewis system coming into play, or even for a bet on a completed match.
One final piece of useful information I have discovered is regarding opening bookmakers accounts. You can go directly to the bookmakers or Betfair yourself, or you can go to their sites via the links on cash back sites.
Using the cash back sites you can get paid for opening and using the accounts. I have found two sites so far. The first one is called Top Cash Back, where you can earn £15.45 for opening a Betfair account. Or alternatively you can earn £10 if you go through Quidco, with both these sites you need to deposit and wager a minimum of £10. A more in depth look at using Cash Back Sites to open bookmakers accounts can be found here. You can also open bookmakers accounts and use the free bets on offer for cricket betting.